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The Cantillon Effect

Tom Spencer

However, national governments and central banks have different ideas. Governments guarantee bank deposits in order to prevent bank runs. In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8 This inadvertently removes each bank’s incentive to act prudently.

Banking 120
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Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

government 2. government Most individuals with less than $75,000 in income on their federal tax returns can expect a one-time cash payment of $1,200 within the next three weeks. There are several ways to get some cash-flow relief to help you pay your bills in the near term as a result of the $2 trillion CARES Act: 1. Time sensitive!

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6 Reasons Inflation is Higher than You Think

Tom Spencer

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” ~ John Maynard Keynes. In order to take this into account, government agencies (e.g., Government has an incentive to cheat. in October , its highest level since 1990.

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The Current State of IR35

Comatch

Balance sheet total of no more than £5.1 Whilst these cases were mainly a recirculation of revenue from one government department to another, the easily forgotten losers were the contractors who shared in the tax burden. Notable of these has been the government-backed company Network Rail. No more than 50 employees.

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European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Subordinated debt is issued periodically by most large banking corporations in the U.S. Also consider "stress tests".

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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

France and some Southern European countries, meanwhile, have been pushing to use the euro-zone government bailout fund, the European Stability Mechanism, as the common backstop. In 2020, for instance, about €12.5bn of joint funds would be available, which amounts to perhaps a €3bn German contribution. This might be it.

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